{"id":17213,"date":"2024-09-24T09:27:36","date_gmt":"2024-09-24T06:27:36","guid":{"rendered":"https:\/\/forklog.com\/en\/crypto-venture-firms-secure-over-2-2-billion-in-august\/"},"modified":"2024-09-24T09:27:36","modified_gmt":"2024-09-24T06:27:36","slug":"crypto-venture-firms-secure-over-2-2-billion-in-august","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/crypto-venture-firms-secure-over-2-2-billion-in-august\/","title":{"rendered":"Crypto Venture Firms Secure Over $2.2 Billion in August"},"content":{"rendered":"<p>In August, cryptocurrency venture firms secured over $2.2 billion, according to <a href=\"https:\/\/www.theblock.co\/post\/317642\/the-funding-crypto-vcs-fundraising-spree\">The Block<\/a>, citing PitchBook.<\/p>\n<p>Analysts highlighted ParaFi Capital with $120 million, Borderless Capital with $100 million, Hack VC with $77 million, and Robot Ventures with $75 million.<\/p>\n<p>Experts noted that several funds are actively seeking new capital this year. Dragonfly Capital aims to raise $500 million and has already gathered half of this amount.<\/p>\n<p>Many firms are focusing on early-stage startups, indicating an optimistic view of the industry&#8217;s potential in a &#8220;challenging market.&#8221; This aligns with Borderless Capital&#8217;s <span data-descr=\"Decentralized Physical Infrastructure Networks\" class=\"old_tooltip\">DePIN<\/span> Fund III ($100 million).<\/p>\n<p>The firm&#8217;s first fund of $10 million focused solely on supporting the Helium startup. The second fund ($25 million) invested in over 35 DePIN projects, achieving a twofold return on investment.<\/p>\n<p>Borderless Capital partner Alvar Gracia described the DePIN category as unique and mature, with strong fundamentals and applications across various industries. The sector is &#8220;resistant to bear markets,&#8221; he added.<\/p>\n<p>Gracia cited Helium, whose revenues &#8220;are almost uncorrelated with cryptocurrency markets&#8221; as subscribers pay for a mobile plan, and GEODNET\u2014a decentralized <a href=\"https:\/\/ru.wikipedia.org\/wiki\/Real_Time_Kinematic\">real-time kinematic<\/a> network for satellite navigation.<\/p>\n<p>Gracia noted the uniqueness of DePIN projects&#8217; tokenomics, which facilitates the conversion of revenue into coin value. In some cases, this mechanism includes buyback and burn strategies.<\/p>\n<p>Overall, DePIN has the potential to create infrastructure, solve real-world problems, and could fundamentally transform existing <a href=\"https:\/\/ru.wikipedia.org\/wiki\/%D0%92%D0%B5%D0%B1_2.0\">Web2<\/a> industries, the specialist concluded.<\/p>\n<p>In July, developers of the AI platform SingularityNET and the data storage network Filecoin <a href=\"https:\/\/forklog.com\/en\/news\/the-convergence-of-ai-and-cryptocurrency-miners-transition-to-data-centers-and-filecoin-partners-with-singularitynet\">announced a partnership<\/a> to integrate artificial intelligence and DePIN while maintaining decentralization, neural network ethics, and information reliability.<\/p>\n<p>For more on how DePIN works and why it has attracted significant investor attention, read the ForkLog article:<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In August, cryptocurrency venture firms secured over $2.2 billion, according to The Block, citing PitchBook. Analysts highlighted ParaFi Capital with $120 million, Borderless Capital with $100 million, Hack VC with $77 million, and Robot Ventures with $75 million. Experts noted that several funds are actively seeking new capital this year. Dragonfly Capital aims to raise [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":17212,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1628,1680,1133],"class_list":["post-17213","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-depin","tag-helium-hnt","tag-venture-investments"],"aioseo_notices":[],"amp_enabled":true,"views":"13","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/17213","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=17213"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/17213\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/17212"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=17213"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=17213"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=17213"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}